Questions about the aircraft selling process

Discussion in 'Hangar Talk' started by SixPapaCharlie, Oct 22, 2021.

  1. SixPapaCharlie

    SixPapaCharlie May the force be with you

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    I should know in a couple hours if it is a done deal. Looks like it is.

    I don't know what forms are needed, the title / registration transfer process, and all the other junk that goes into selling a plane.

    Anyone got a step by step guide.
    I am keeping my N number so he will need to register a new one.
    Also what about the "occasional sale" form that keeps the tax man away?
     
  2. Checkout_my_Six

    Checkout_my_Six Touchdown! Greaser!

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    getting a Bonanza?....lol o_O
     
  3. Mtns2Skies

    Mtns2Skies En-Route

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    Why? That's a real pain in the wiener for the buyer.

    Check AOPA for the required docs.
     
  4. SixPapaCharlie

    SixPapaCharlie May the force be with you

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    My tail number is my kids birth dates and initials.
    I am going to pay for the new number, and to have it put on the plane.
    So I believe the very first step will be for him to pick his number, and register it to the plane, then I sell it to him under the new number. Guessing there.
    I don't want to sell it under the current number and end up losing my tail number.
     
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  5. SixPapaCharlie

    SixPapaCharlie May the force be with you

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    Quite possibly.
    Deb, Comanche, and Bo are all I am really considering.
     
  6. eman1200

    eman1200 Touchdown! Greaser! PoA Supporter

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  7. Initial Fix

    Initial Fix Pre-takeoff checklist PoA Supporter

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    Once you fly a Bo you won’t look back
     
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  8. Van Johnston

    Van Johnston Cleared for Takeoff

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  9. AggieMike88

    AggieMike88 Touchdown! Greaser!

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    The original "I don't know it all" of aviation.
    If you want the info, Jim Lewis is an instructor at 52F who owns a Deb and can help with info and training.
     
  10. Kristin

    Kristin Cleared for Takeoff PoA Supporter

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    Once you find out that the Comanche has no magnesium in the tail you won't look back.:)
     
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  11. Checkout_my_Six

    Checkout_my_Six Touchdown! Greaser!

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    well....it has a nasty Torque tube AD. lol ;)
     
  12. Kristin

    Kristin Cleared for Takeoff PoA Supporter

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    Once you find out that the Comanche has no magnesium in the tail you won't look back.:)
    But can, and often has been, terminated by STC.
     
  13. SCCutler

    SCCutler Administrator Management Council Member PoA Supporter

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    For occasional sale (and the “fly-away” exemption), see this page: https://comptroller.texas.gov/taxes/publications/94-168.php

    Actual form: https://comptroller.texas.gov/forms/01-917.pdf

    You give this to Buyer.

    Bill of sale (you give buyer this): https://www.faa.gov/forms/index.cfm/go/document.information/documentID/186163

    Registration Application (buyer sends this to OKlahoma City):
    https://www.faa.gov/forms/index.cfm/go/document.information/documentID/185220

    Lots of forms ‘n’ stuff at:
    https://www.faa.gov/licenses_certif...cation/aircraft_registry/aircraft_regn_forms/

    There is no “title,” like we think about it with cars.

    As for sequence of steps for the N-number, you’re probably right, but to be certain, you might check with one of the aircraft document services in OKC, who can walk the docs through for you and buyer. A little money for a lot of certainty. I used https://www.aictitle.com/
     
  14. SixPapaCharlie

    SixPapaCharlie May the force be with you

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    Thank you spike
     
  15. Checkout_my_Six

    Checkout_my_Six Touchdown! Greaser!

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    what about the three year landing gear bungees? and there are a couple of other ADs. ;) Each make/model has their warts.
     
  16. Jim K

    Jim K Pattern Altitude PoA Supporter

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    congratulations!

    I thought the occasional sale thing was a myth but apparently not. Another reason to move to Texas. That's one hell of a loophole.
    As a pa32 owner, I was afraid I might be missing out on the mythical bonanza. Then I sat in one.... damn things are tighter than a pa28. They appear to have been designed to be flown by 12 year old girls.
     
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  17. SCCutler

    SCCutler Administrator Management Council Member PoA Supporter

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    It is a privilege, my friend.

    If you’re looking for a wide cabin, the Bo is not for you… but it’s a good compromise. Comanche’s certainly wider, but when I told my wife I was buying an airplane, she told me, “It better be a Bonanza!” Who was I to argue with that?
     
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  18. AggieMike88

    AggieMike88 Touchdown! Greaser!

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    The original "I don't know it all" of aviation.
    I've been flying an A-36. It's plenty comfortable. Feels wider than the 182 and the V35.

    @SixPapaCharlie, if you and Erin want to see an A36 up close, I can find out if it's okay for you to see the doctor bonanza to see what you two think about it.
     
  19. Checkout_my_Six

    Checkout_my_Six Touchdown! Greaser!

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    It's not.....lol :D
     
  20. RyanShort1

    RyanShort1 En-Route

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    The better one is the flight training exemption.
     
  21. Kristin

    Kristin Cleared for Takeoff PoA Supporter

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    An AD that costs $45 in parts and less than an hour labor is an issue? That is hysterical considering Beech costs. :)
     
  22. midlifeflyer

    midlifeflyer Touchdown! Greaser!

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    A number of states have occasional (sometimes called "casual") sale sales tax exemptions. It's a policy decision, not an unintended "loophole."
     
    Last edited: Oct 24, 2021